15th Jan 2014 10:27
LONDON (Alliance News) - Diploma PLC Wednesday that its revenue for the first quarter was ahead of the previous year, but warned that revenues from its overseas businesses had been hurt by the appreciation of UK sterling, in a statement ahead of its annual general meeting.
The business products and services company said revenues for the quarter ended December 31 2013 were 4% ahead of the previous year.
In its Life Sciences segment revenues were 2% ahead of the previous year as strong growth in its European Environmental businesses was held back by exchange rates. In its Seals segment revenues were up 4%, and in Controls revenues were up 8%, boosted by a better trading environment in the UK and Germany.
Shares in Diploma were trading down 1.6% at 699.00 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Diploma